Economic and Finance News
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CBR formulating new sales tax refund verification system
ISLAMABAD (April 13 2003) : Changing the mode of refund payment to facilitate the exporters, the Central Board of Revenue…
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1st Islamic TFC of Rs250m this month
KARACHI, April 11: Al-Zamin Leasing Modaraba is launching the first ever Islamic term finance certificate sometime this month. “We will…
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Auto makers asked to cut prices
KARACHI, April 11: Federal Industries and Production Minister, Liaquat Ali Jatoi has again asked the auto assemblers and parts makers…
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SBP issues advice to banks, DFIs
KARACHI, April 11: The State Bank has warned heads of all banks and development finance institutions that the proceedings of…
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No plan to levy 15 percent general sales tax on food items: CBR
ISLAMABAD (April 11 2003) : The Central Board of Revenue (CBR) is not considering any proposal to do away with…
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Export Promotion Bureau to be split into two entities
KARACHI (April 11 2003) : Federal Commerce Minister Humayun Akhtar Khan has said that the government will promote issuance of…
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Turnover tax on some foreign firms may go
ISLAMABAD, April 9: The government is considering to remove 0.5 per cent turnover tax on some foreign companies to help…
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Tax ombudsman decides unique case against CBR officials' excesses
ISLAMABAD (April 09 2003) : Though bribery is rampant in CBR's hierarchy but very few cases come to the Federal…
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Pakistan now investor-friendly country: Hubco chief
KARACHI (April 09 2003) : The Chief Executive of Hubco Power Company, Vince Harris, has said that at present Pakistan…
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NBP's pre-tax earning over Rs 6 billion highest-ever in financial sector
KARACHI (April 09 2003) : The National Bank of Pakistan has registered the highest ever earning for any financial institution…
